# Capital Gains Tax Act 1979 (repealed 6.3.1992), Section 16: Non-resident group of companies.

Extent: E+W+S+N.I.

(1) This section has effect for the purposes of section 15 above.
(2) Sections 273 to 275 and 276(1) of the Taxes Act 1970 shall apply in relation to non-resident companies which are members of a non-resident group of companies, as they apply in relation to companies resident in the United Kingdom which are members of a group of companies.
(3) Sections 278 and 279 of the Taxes Act 1970 shall apply for the said purposes as if for any reference therein to a group of companies there were substituted a reference to a non-resident group of companies, and as if references to companies were references to companies not resident in the United Kingdom.
(4) For the purposes of this section—
(a) a “non-resident group” of companies—
(i) in the case of a group, none of the members of which are resident in the United Kingdom, means that group, and
(ii) in the case of a group, two or more members of which are not resident in the United Kingdom means the members which are not resident in the United Kingdom;
(b) “group” shall be construed in accordance with subsections (1) (without paragraph (a), (3) and (4) of section 272 of the Taxes Act 1970.

---
Source: https://www.legislation.gov.uk/ukpga/1979/14/section/16 (the official version)
Page: https://openlegislation.uk/capital-gains-tax-act-1979-repealed-631992/section-16
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.